Bitcoin Forum

For something that can become a popular means of payment, you need the following:
Store of value: allowing individuals to make intemporal choices on when to spend their purchasing power
Medium of exchange: facilitating the exchange of goods and services by eliminating the inefficiencies associated with a barter economy
Unit of account: acting as a measure of value in the economic system.
Do you think the bitcoin has all three of these elements? I am looking forward to the bitcoin will become a popular payment method in the future.

Each country has its own rules, and if bitcoin meets the requirements of a country, then bitcoin is worthy of currency, this has happened in some countries, call it russia and nigeria.

Bitcoin should become more stable in order to be a popular method of payment. Technically, crypto-currencies are not money, but information blocks. Their value isn`t tied to any economy of the world, and the trade and support of digital cash is carried out constantly and doesn`t depend on standard world trading sessions. Such independence has advantages, but this also frightens, since the price of bitcoin remains unpredictable.

Bitcoin or Altcoins have the potential to compete with fiat currency. they can be treated as a method of payment and a safe storage of value. But before that the prices of the coin must remain stable, large fluctuation will not let crypto be a Safe storage of value. Also the government needs to approve the crypto in the country to be used as an alternative to fiat

Bitcoin should become more stable in order to be a popular method of payment.Bitcoin or Altcoins have the potential to compete with fiat currency. they can be treated as a method of payment and a safe storage of value. 

In order for bitcoin to become an actual method of payment bitcoin needs to be more stable. The huge fluctuation in price will actually discourage people to use it as a method of payment. Also the government needs to accept it and use the crypto currency as an aid to their economy.

We are talking about decentralized money and still we want to regulate it ? It is like we are standing under open sky on a shiny day and want to dry up our sweat ! Bitcoin is getting popularity and  it is safest if you know how to deal with it. And if you talk about potential, Both fiat and crypto have potentials. They will not replace each other. rather they will be side by side.

The more you will educate your community about crypto, the better. And Crypto will become popular globally

well,Bitcoin need operations per second more than anything at the moment
you cannot compete with VISA or Mastercard or any other payment system if you can only manage 3-7 transactions per second
while your future competitors do 3000 per second already and capable of > 56.000 per second
Lightning network is here to alleviate this bottleneck,but it is more on paper rather real life implemented

In specifications, yes, bitcoin fulfills all three of these. However, due to the fact that there aren't enough places to spend bitcoins and use them as currency, it cannot display how good and effective it will be as such. Due to this, people outside the ecosystem think that bitcoin isn't an effective means of payment because there aren't sufficient data existing about the reliability of the coin. Most retailers and services who removed bitcoin on their method of payment feel that it's tanking because it's not wante, but that's not the case in actuality.

If we look at the criteria given then Bitcoin has entered into the three criteria tersebut.namun if we see the third criterion, Bitcoin will be difficult to measure value in the economic system, because the price can change in seconds. if we want Bitcoin to be a measure of value in the economic system then the bitcoin value must remain constant, just like its Gold.

Many factors.
We need a stabler price for bitcoin. It fluctuates too much that I dont think anyone dont check the price to see if he or she should sell bitcoin before even send a bitcoin payment.
We need the goverments to accept bitcoin being used.
We need banks to accept their customers to deposit and send money to buy bitcoin.

I believe Bitcoin has this and many more still needed. But I think a important factor that can rapidly make Bitcoin a popular payment method is if the ruling/government bodies can control and be in charge of it such that they make rules and modalities that others follow just like the fiat system, then Bitcoin will surely be a popular method of payment.

I think that the main problems used to be popularity, availability, transaction cost and transaction price. Transaction price has been mostly fixed by segwit, transaction time will be fixed by the lightning network, I believe we are doing good as far as popularity is concerned, but the availability is still slacking. IN many countries you just can't easily buy your coins due to various bans and restrictions, Internet and power shortages, lack of safe exchanges. It will take more time, but it should happen eventually.

Not only those three criteria but even more such as fast, reliable and has a cheaper fee than the usual payment method.

Today it's one of the most popular alternative payment method that online stores are adopting, not all but more of them are getting into it right now. This is just the start of bitcoin's popularity not only as a payment method but also as an asset.

Bitcoin being a currency depends on how many people actually get to buy and sell with the bitcoin in their possession. People in the bitcoin market have to accept bitcoin as a form of payment for their services. We don't have to look at governments to give permissions for bitcoin to be legal tender. It is the money of the internet; no one can stop bitcoin from being used as a currency.

I think that makes bitcoin a very useful and very necessary payment and can be done anytime with a place that can connect in the internet network.

Store of Value : YES
Medium of exchange : YES
Unit of Account : YES
Bitcoin has much more than above features like anonymity, personal privacy, financial freedom etc to make it perfect payment method.

I believe that  the payments using Bitcoin and other altcoins is much easier and I don't have to convert local currencies into another and I can send them all around the world. But governments have their own interests and they want to see local money more stable and stronger

Bitcoins has fulfilled all the properties you mentioned to make it a popular payment method, the only obstacle is government full acceptance of it  as a mainstream currency.

Bitcoin is a great currency and suitable to become a top payment method, but for now the government still hesitate to used it because of the anonymity, the local shop still hesitate because of the fluctuative price, and some of us still hesitate because the speed and the transaction fee, there are still many things that need to be solved before bitcoin could become payment currency, but with further development and support I believe one day it could become the number one payment method

True, if only the bitcoin price can be stable and the use is clearer then bitcoin can be for payment. I'm really looking forward to the bitcoin updates and breakthroughs of bitcoin.

I think bitcoin has the three requirements but the thing that is hampering it from being a popupal method is its price inconsistency. We can bring the price to a consistent level and it may help in mass adoption of crypto.

I think Bitcoin is not ready yet to be considered a popular payment method. In its current state Bitcoin is more suitable as an investment vehicle rather than a replacement for fiat money. My opinion about the 3 functions when related to Bitcoin:
medium of exchange - very limited as only few retailers online or offline accept Bitcoin as payment
store of value - the price of Bitcoin fluctuates wildly and it would be hard to use it for small daily purchases like bubblegum, coffee, cigarettes etc.
unit of account - because the supply of Bitcoin is limited to 21 million coins there might be shortages of available coins in the future if more people would like to deal in Bitcoin. I think Bitcoin might need to be denominated in new subunits smaller than a satoshi in order to accommodate the increase in demand and/or price.

You left out one:

Government Approval - Now, some people might differ from me on this statement, but the reality is, no unregulated "currency" will survive for long, without some kind of regulation by government. Yes, people might use it as a barter system, if it is not regulated, but you need proper regulations for it to succeed in the formal sector of the financial sector.

These companies need to deal with tax issues and auditing and they cannot use a currency that are not regulated.  ::)

As store of value, bitcoin proven as good investment and give big return last year. As medium of exchange, bitcoin dont have regulation in many country and ban if used as payment. But in many country, bitcoin regulated and can be used as payment.
As Units of account, i think 1 btc equal with 100mil satoshi. So bitcoin has all those elements

Only one reason why bitcoin have popular payment method in the world, bitcoin have fluactive price where some time bitcoin at lower price, but another time bitcoin was grow up to highest price. if you are save your money in bitcoin your money will increase to higher or to dump if bitcoin drop price. but when bitcoin have grow up your money will increase more.

I think the biggest thing that will be needed for Bitcoin to become a popular payment method is worldwide adoption. Without adoption Bitcoin will never become popular. And once it starts getting adopted people are automatically going to start using it as a payment method which will in short make it popular.

Though crypto currency is not fiat currency based on this you can do many things with it but it has no physical value like fiat currency based on this many people do transactions because it created value already like fiat currency many countries have different policy based on this.

bitcoin is already on a good position as a investment place but yes I agree that it does able to gain the trust as payment sector it is because it is online currency and it price is not stable as cash that is why many people don't trust this system for paying their bills so for gaining trust of the users the main method should be acknowledged the commoners about it protocol and working policy.

one day maybe bitcoin can meet the three elements of the terms of the currency you submit if the government has legalized and formalize bitcoin into the official and legitimate currency to be used as a currency

it is not all about what do you need to make it possible, we just need to make people realize the huge opportunity to be part of the future they are lossing at the moment, that is all what they need to understand so far. This is the only way

We need to make bitcoin more popular with the use of banks but banks are not support to bitcoin.  ATM machine should have been introduce but this is not place in my country. If this is done it could  be known for long time

People find more stable value of something they to used for payment and have to government accepted it in the market aside from fiat. Bitcoin volatility stops it to be used and become an asset instead which seems to be much profitable rather than to used it immediately which needs high volume to meet the amount to pay.

I think that to reach such level of adoption we need favourable laws and stable prices. Those are the two main factors that scare people off. Uncertainty of upcoming regulations and volatility. If you manage to get these two things under control people will choose Bitcoin over visa in no time.

That's an interesting post. Although Bitcoin has some existing technical problems, Bitcoin has been the most reliable and trusted cryptocurrency till now. And its community is still growing.

I think bitcoin does not have enough of these three elements. It is currently only a means of exchange. The price of bitcoin is not stable so it can not perform the other two functions

If bitcoin will become more stable in coming months/ years it will make itself more and more usefull and more and more people will make it easier to use it for payments or transfers for something, for me this is a matter of time only.

That is a very good development, because the world has been in Era of technology, which bitcoin currency is centralised every where in the world, with one value that leads equal amount of payment.

Because in the presence of bitcoin all this can be easily transact named currency in gital for this which has been permitted through the wallet .

No doubt bitcoin fulfills all those elements. Bitcoin has a good recognition as payment method. It will be a popular payment method gradually when each and every business starts to accept it as a payment method.
Significant price volatility is a key issue for bitcoin as it may go unfavorable for businesses. Furthermore, there is no legal framework for most of countries and businesses may be reluctant to use bitcoin as a result. If these issues are resolved, bitcoin will be a very popular payment method.

I think that it will take more than a long time to see bitcoin being a popular payment method, there was a huge fever durign the end of the last year, but i do not think that it will be repeated until the end of this year, or the beggining of 2019

1. The fluctuation in price of Bitcoin is very high. The price should stable.
2. The government has not banned on it.

These two factors can make Bitcoin good payment method.

And it needs to be popularized too, lack of knowledge about bitcoin will never make it to become a payment method on some countries because they will not see any used of it if it is become unstable and volatile, so they need to be educated about it first then they will decide later.

You can make it popular by :

1) Using it as a payment medium.

2) Sharing resources about it on social media.

I think the best way is enlightenment. We should try to educate others on economics and money theory so they can understand why bitcoin is not any kind of bubble. Also, we shouldn't hold it to the very last satoshi, but should instead try to pay others in crypto instead of fiat so they can also have some crypto and start using it.

bitcoin is one of the main pioneers of the cryptocurrency world it makes some people choose to use bitcoin as a method of payment in transactions they do, but for now bitcoin has a rival that is ethereum that might beat bitcoin as a method of payment.

The only area I think Bitcoin may have challenge is its inability to be used as a store of value. This is because of the high volatility and price fluctuation that is associated with it. This has been the major debate and argument of those who are not willing to accept it.

It's not that easy. How can you use it to pay for a service is nobody offers to sell that service for Bitcoin? I'd be willing to spend some of my coins in local stores if they were accepting it. We can't say that spending is the way to it being used for payments. It's like saying that we need to buy houses so that companies start building them.

My personal point is Independence. When you invest into bitcoin you are independent from all government's in all over the world. You know in what you invest and what year what can you get in the future. It is the best benefits for bitcoin to be a currency in the future.

Correctly. In order for bitcoin to be used more as a method of payment for goods and services, it should be more stable, that is, to have less volatility. And will bitcoin ever be more stable? Not yet. To do this, it is necessary to change its decentralized nature, something to provide and regulate it. And since this can not be done, bitcoin will hardly ever be widely used as a method of payment.

Bitcoin is considered a form of payment in 2010. It is a true story, and one person bought pizza for 10,000 BTC. From then on, everyone thought Bitcoin was the online payment method

I do not think the price of Bitcoin will be stable. This is because the issue has led the government to suspect that Bitcoin is a dangerous cryptocurrency and could harm the economies of these countries.

I believe Bitcoin bears the aforementioned qualities and hence qualifies to be a popular payment medium. Bitcoin is now one the most preferred medium of exchange covering across varied facets of business;supermarkets, shops, financial institutions etc. Its also a store of value because it enhances trade and investment. As a matter of fact Bitcoin is more beneficial when kept for a long period of time

For me, bitcoin only need stabilize their prices. For merchant unstable just make they sometime lose their money, maybe they can gain money too from hodl, but i don't think they want it.

I think the bitcoin can work on it transaction speed many company will be glad to used it as a means of payment, because it decentralized which mean the ceo as full access to it money any time without third party, unlike bank that he will to consult the bank manager or cashas before payment can be made or withdraw fund. but many company are afraid of the transaction delay.

I agree. Education is key for mass adoption. And I think the technology will speak for itself too. Once people get tired of slow transactions, of banks ripping them off and the hassle of overseas wire transfers, they'll definitely embrace the concept of a digital currency.

Bitcoin has all three elements but it is currently not recognized worldwide. Besides, it is a very good tool for whales to manipulate the market. Because the market will fluctuate at the price of Bitcoin.
I think Cryptocurrency needs to be protected and kept stable for Bitcoin. From then on it can be accepted by the whole world and become a popular payment method.

Bitcoin's very low transaction fees is what I think will make it popular as a payment method. Bitcoin transaction fees are definitely lower than banks. Since a few months ago, BTC transfer fees are at a major low.

Yes
I think bitcoin transactions are the most popular payment method. Bitcoin transactions are increasing day by day. Bitcoin transactions are much safer and faster. Bitcoin transaction costs are very low. Paper money can not be kept with all the time, it has many risks. The robbers are afraid of it. Bitcoin can be kept as much as you want. So bitcoin transactions are becoming popular day by day.

Bitcoin transactions are increasing day by day. At present, bitcoin transactions popular payment method. Bitcoin is less risk of transaction. Paper money transactions are not always beneficial, paper money is risky if you keep a lot of money. Bitcoin trading is not such a risk. Bitcoin transactions will increase, more popular.

Bitcoin is available from a lot of time but no body got interested into bitcoins...At a time bitcoin's value was 250$ and now it is 6900$...People got rich who had done long term investment...After seeing this not only men but women also got interested in bitcoins and now Bitcoin is accepted almost in many sites...But then also everyone is accepting it for trading only...No body is taking it as currency.

Bitcoin is famous in the whole world and has become a great currency and a populist payment method can be made, but for this, governments will have to come forward and adopt Bitcoin's transaction.

Because using bitcoin is too easy so they use bitcoin as their primary payment method and maybe because bitcoin is popular so they use bitcoin as their payment method or because many people use bitcoin as the main method for their pay system

I think the first thing that must be done in order to make bitcoin payments more popular is to make it more comfortable, because it will never become popular if you will need to spend 30 minutes to pay for the pack of milk.

the most effective is, how to make bitcoin can be one method to pay at one of the online shopping sites. then people will consider using bitcoin as a method of payment.

Yes bitcoin has all these characteristics but the problem is that there are limited places where we can actually use them as payment. More companies should accept this as payment for it to be more popular and for others to see its usability and advantages.

I think the big reason is the trust. Bitcoin is the first coin and the biggest  coin in the world. So,the people will use which they believe for transaction

because I think the bitcoin to pay and receive payments is easy and accessible to everyone who definitely benefits from bitcoin payments because it saves time, money sparingly, safely, simply, and faster.

Only if the price of Bitcoin is stable is enough to say these three factors. This is very difficult. So Bitcoin is less likely to become a popular payment method in the future

Bitcoin has become a popular payment method because it is accepted by many people as well as by many users. Their transactions can be further developed when the governments of the countries allow them and they can have different rates. than

abiding by the rules and spreading crypto knowledge more countries will accept it more, then it will become a popular payment method. but like you said other countries don't really want to accept cryptocurrencies

points are right, on the other hand the price and popularity of bitcoin so the payment method occurs. many users who spread the world with bitcoin payment methods greatly facilitate the users in the world. in the future will continue to grow better than today

Bitcoin is getting better and better. I believe that with the strong development of Bitcoin, Bitcoin will soon have enough of these three elements and become a popular payment method. One thing that helps us reinforce that confidence is that governments are gradually adopting Bitcoin

Maybe yes, but since a lot of good altcoins now I think this is not the only reason why people still choose bitcoin. Maybe its more on the value of bitcoin that makes this technology especial, and bitcoin continues to grow and able to sustain its level on top so I believe bitcoin is always the first choice.

It has already become popular to many countries. In different companies the compensation of the employees are given by bitcoin. I hope this will inspire others to do the same.

bitcoins with high value will be predicted to be one of the most popular payment methods. now bitcoin has been received in many countries for payment there are many restaurants, tourist attractions and automotive stores that have received payment. because using bitcoin is more efficient than other cryptocurrency.

Much of these hurdles will eventually be removed as time progresses. what will drive bitcoin popularity the most will be government laws identifying it as a means of payment.

It's so simple, nowadays online shopping is very popular, people are very often buy various goods through internet, ask those online shop to accept bitcoin then bitcoin will be popular. If bitcoin is only used in exchanges site then people who attracted are only speculative investors.

Asking those online stores to accept bitcoin then bitcoin will be popular. High bitcoin will be predicted to be one of the most popular payment methods. Because using bitcoin is more efficient than other electronic money.

Each country has its own rules, and if bitcoin meets the requirements of a country

To some extent, everything is a means of saving. Bitcoin, definitely, well copes with the transfer of value over a distance. But with respect to other assets, bitcoin poorly saves the cost over time. Bitcoin has one big problem of volatility.

Absolutely right and very well said mate. It will not become a popular method of payment if the value is volatile and it will be hard for the users to use as payments if the prices changes from time to time. As of the moment, bitcoin is ideal for investment only not unless the stability of the value changes in time then users can use it with ease by then.

Is because Bitcoin offers some advantages over other payment methods for you and your customers. The transaction fees are much lower than they are with credit cards, typically only a few cents for each purchase, and those transactions process very quickly because there is no financial institution acting as a middleman.

I am new to a crypto world but I heard already that term of payments but it's altcoin and not bitcoin . but maybe in other part of the world where bitcoin is very popular and btc will be accepted as payments .

Large scale adoption will only come if the crypto prices are stable over a longer period of time. They can be treated as a method of payment and a safe storage of value. But before that the prices of the coin must remain stable, large fluctuation will not let crypto be a Safe storage of value.

For me it is just a matter of time when bitcoin will become as usefull as money and than price of it will be going up and up, this could come in 2/3/4 years and we will be just "better" than a typical people cause they haven't got any knowledge how to use it.

Well it'll take a lot more than that i think. Until btc becomes a little more steady and less volatile, it will always be seen as an asset that rises and falls in value. Honestly right now, i'm content with it that way.

I think bitcoin has the three requirements but the thing that is hampering it from being a popular method is its price inconsistency and time for transactions. If it can bring the price to a consistent level and it may help in the mass adoption of crypto.

In summary, I can say it should be rather called getting the use case for it. If a time comes that while people invest in Bitcoins they also use some for purchasing goods and services, it'll progressively become an acceptable mode of payment.

Most of the people need to understand that bitcoin is here to revolutionate the way that merchandise works and how the commerces are accepting the money that they are getting paid, but they just do not understand that this is a very attractive idea.

In my own opinion, bitcoin will be popular in payment method when there are companies, schools and other accepted bitcoin as mode of payment because the transaction is easy, good and fast but it needs internet connection doing it.

because of some news about bitcoin that are popular to get out of the media and this is what they can actually have to believe also that bitcoin are some of the bad idea to make an effort to take this.

Yes, Bitcoin does fulfill all these rules and even more, it has a lot of characteristics which are necessary for every business out there. Even need the transparency of the transactions and security of the payment. Everyone needs all the stuff but without losing any time on the transaction so Bitcoin is fulfilling all these features and it is perfect for our future alternatives as our old age currency system is too much slow on us.

For that reason, many people or company are not able to accommodate bitcoin as a payment method, because of the possibility of losses to be suffered by the second party. Ex, 5 minutes after the transaction ends, the price suddenly falls without a second party to sell it into money.

Bitcoin can not make it happen easily. Because of so many people believe in BTC price will go to moon. So this expectation getting harder this payment tools thing.

I think bitcoin have that three elements, but it depends on the country or on the store where bitcoin is available or accepted. Not all places have the same elements that we need to achieve.

Decentralized systems are also very influential. The decentralization system broke the centralization system that has been implemented for quite some time, although it has many shortcomings, the system tends to be in demand because there is no third party interference.

Bitcoin is just to yound to become a popular payment method, it is at the moment a way to earn money and also you can by somethings for it already in some markets, but still it is not legalized everywhere.

When Bitcoin will be stable, then we can talk about it. Well, you can not afford a house price which has a stable price with Bitcoin. The price of the houses is not always the same, right. But, the price of houses may change once in 1 year, if we compare both of them.

Why would bitcoin won't make it happen easily as a popular payment method? isn't bitcoin has been used nowadays as that?

It may be one of the best assets now and people are holding it until now but it doesn't mean that it's not going to happen. There are many businesses and casino's that are using it as a payment method so how it cannot happen easily?

Bitcoin should become more stable in order to be a popular method of payment. Technically, cryptocurrencies are not money, but information blocks. Their value isn`t tied to any economy of the world, and the trade and support of digital cash are carried out constantly.

First, I saw this post on the first page on the thread mate you are a great plagiarism.

It is impossible that bitcoin become a method of payment or what we can say an alt of paper money. Since it is highly volatile and not steady in value, one thing that comes up in my mind bitcoin intended as an asset only that makes us become more profitable on this. When it comes payments nobody wants to lose.

Yes, I agree with the OP thread in which case if bitcoin has these three basic elements to consider , then bitcoin would prosper more in terms of payment system with much cheaper transaction rates. People will then patronize more with bitcoin payment system if that can be materialize soon.

Why do you think that Bitcoin can't become a popular method of payments?
In fact, we have already been using electronic money when doing shopping online or using cards for different purposes. I mean, we have kind of fiats transformed into a code and make multiple operations with them. Bitcoin is actually can be considered the same e-cash. The only issues as many forumers fairly noticed are its adoption and volatility.

As yet, bitcoin has not become a popular method of payment for goods and services. There are several reasons for this. The first of these is that too slow is the legalization of bitcoins by states, and this does not allow businesses to take bitcoin for payment. This, in turn, prevents the development of infrastructure for bitcoin and other crypto-currencies.
On the other hand, some business structures that took bitcoin to pay began to abandon it after a while, citing the fact that bitcoin has a very high degree of volatility.

I think that it is marketing and it is one of the first crypto. Nonetheless, I think that Token Sale projects will be more popular soon. Actually,  I have found a really good project - Socratus. It is a digital platform for insurance companies. So any insurance company can connect the platform to become the part of Insurance Digital Ecosystem. They are aiming to create a win-win insurance whereby you get instant claim payment,  fair and transparent dealing and friendly prices. From my point of view, it is innovative and fit the market.

I think with the current situation, Bitcoin is not being used as a currency but as a store of value. I think still there is no mass adoption of Bitcoins or any other cryptocurrency as a currency that can rival fiat currency. To my understandng Bitcoins is simply used as a store of value. Many people view Bitcoins as a store of value and a way to make quick money.

Unfortunately there are many consediration if bitcoin use as payment method worlwide because need to learn the the movement flow of bitcoin as high volatile currency, but there's big chances bitcoin become use as payment in any store worldwide.

It will happen. That is my opinion.
Somehow people will have to go with it.

Advertisements help bitcoin be known and it should reach even the smallest merchant there could be.
With the growth of number of merchants then we might be seeing a better kind of payment method. Faster and more secure.
There are still people who cling with the traditional way. It will change in the coming years.

We should used it and spread the news about using btc as payment system and show them how we used it and how it is more convenient for us to have it in our life.

By now, bitcoin is more popular than any other coin and it may be a method of payment in the near future because it has a value and its value makes it precious in a way that it can be used as a payment method someday.

I agree with you . These three factors make bitcoin the primary payment method. It has the essentials to become a currency and meet the demand for payment for different purposes. On the other hand, many companies, stores accept payment bitcoin. So, you can consider it as a payment method that can be widely used in the future

every country have a rules for bitcoin and for that we sure some people interesting to join and will help to our popular method and we will happen. by now token will be buy other people to payment method.

most likely bitcoin will be a valid exchange in the future I believe it, because bitcoin sekrang already popular in msyarakat I follow the development of bitcoin from time to time

I think if we want to make bitcoin as popular payment, bitcoin should have fast and cheap transaction fee. Beside that, government regulation needed if we want bitcoin used for payment. Many merchant afraid accepting bitcoin as payment because regulation from government.
I am believe in next 3 years peoples and merchant accepting bitcoin for transaction, like we accepting paper money.

We all know that bitcoin is a very huge crypto currency and has millions of people to invest in so no doubt bitcoin is a very popular and a massive crypto currency but still there are people who don’t know anything about the bitcoin and these are people who lives in remote areas and the place where there is no access to internet so for those people awareness is the option, at least they should name of the bitcoin and awareness is required to make bitcoin a popular payment method.

Since I am involved in international transactions, Bitcoin has proved very beneficial for me not on in terms of money but also in terms of time. Generally, the cost of Bitcoin is 5 to 10% higher in my country as compared to that of international exchanges and that is the reason why I am able to give flat 10% discount to my clients across the globe instead of charging any fees. Cheaper and faster transaction is a prime reason for me to use Bitcoin as a payment system.

I think bitcoin has the elements that are necessary to become a popular payment method, although today bitcoin is not yet fully prepared to handle the number of transactions has been done by conventional currency or credit card networks. But, since the first created, every aspect of the Bitcoin network proceeds to grow in terms of maturity, optimization, and specialization. Bitcoin can be a popular payment method as traffic grows and more Bitcoin users.

because of its volatility it will be hard for bitcoin to become one popular means of payment. price is not stable so you or the one you want to pay may lose a portion of the payment.

bitcoin facilitates the activity in terms of digital payments with a high degree of accuracy and very fast and secure. and bitcoin make it easier for us to conduct financial transactions with other countries. without having to exchange our money according to the country of destination.

Every country has an own regulation on payment when bitcoin is legalized to all country this is an alternative currency and will accept as payment.

If by legalize you mean that banks will have to make bitcoin an officially recognized means of payment, than I have a bad news for you, it will never happen :) No central bank will allow itself to loose the control over currency of any given country. No government will agree to utilize and merge its finance with technology of unknown origin.
Good news is that we, the people, can. Bottom-up initiative is way better anyway. Start to use crypto in transactions between friends and relatives, if you own a e-shop use it as well and voila, bitcoin accepted all over the place.

Definitely, bitcoin has all the three characters. Moreover these three it has easy means of payment, decentralised system, Intangible asset.

Yes! In fact Bitcoin is already being used in other countries as a legal means to purchase or buy items and even services. Bitcoin is already being acknowledged as a legal means of payment.

there are many reason for bitcoin popularity.some of them are given below,

=its very easy to use as a payment method .
=available every where around the world.
=people can easily buy this using their money anywhere in the world.
=its security is great than other and also very trust worthy because of its all performance in everywhere .
=people can easily recognize this and accept this as their payment .

etc there are many more reason for bitcoin popularity as a payment method .its becoming important payment method in crypto currency.

With such slow speed of transactions, it will never become a popular payment method

States may well agree to allow the existence in their country of a decentralized crypto currency as a means of payment, but only as a parallel means along with their national money. This was recently pointed out directly in the decision of the European Parliament's Committee on Economic and Financial Affairs. At the same time, of course, the states will not actively support the decentralized crypto currency. They are really not interested in it, they will just let it go on its territory and no more.

Could you point us to the source of this news? It would be huge, in fact so huge that I can't imagine, basically hard to believe.
Maybe we have some sort of misunderstanding here, by recognition as a legal way of payment, I mean situation where a shop keeper has no right to refuse you making a purchase with bitcoin. By refusing he is in violation with the law, and faces fine or prison time. This is how things are with fiat money now. There are some derogations from it like legal age in case of alcohol etc. Anyway source please :)

It can be recognized as a means of payment by a central bank and still not affect the central bank's own currency it issues. I don't think that the two are such that they can't exist side by side as they do now. It's not really much different than the current situation.

I think the sooner the bitcoin also becomes a method of payment for the world. I believe that would be true because there were so many countries Recognizing the bitcoin

The main problem bitcoin faced was its transaction cost, but it has come down significantly for the past few months. As the transaction fees have come down, it would be the most popular payment method in future.

Bitcoin is the brand, the name, the future. It will always be a store of value, very limited supply and it tradable against all other coins on exchanges. So it will continue to grow in value.

Bitcoin Cash on the other hand, has faster transactions, lower fees and is more likely to be adopted for day to day use. As it is partnered officially with Bitcoin it will continue to grow in popularity.

The first step to a complaint that would be to make bitcoin more stable than it is right now because with this and stability and volatility that we have today we cannot physically use it as a payment method.

The massive adaption will make bitcoin as a popular payment because that is only the way that i believed that will work because as long as a lot of businesses like stores in mall or even outside the mall, as long as they are using bitcoin as a mode of payment then it will have an exposure to the customers where they might be interested in investing or using it also.

maybe for me right now is not good for Bitcoin as the payment method, because as we know that bitcoin is can;t used every day and every time, because of the medium of the bitcoin is hard to use, if you want to send bitcoin you should input the address and the amount manually, it makes hard than use the QR code or something else, i know that there are many wallet platforms that uses QR for input, but its not in all wallet and platform,

what about transaction fee? you can say that bitcoin is a good method of payment because of all three things, but of course people using a particular payment method will first see the cost fee first? if there are other cheaper payment methods they will certainly choose another

Now Bitcoin popularity around the country. The government of every country will have to facilitate Bitcoin transactions. And there will be a bitcoin transaction through every country's central bank. The government has to transaction with Bitcoin bank through law.

because bitcoin is the parent of the currency crypto and bitcoin also its price is expensive in comparison with other coins.

Only creating new facilities that can apply with going to be more popular as a payment method will be good for Bitcoin. If you can buy what you need, use bitcoin as a payment method, more people join bitcoin.

I very much doubt that bitcoin will sometime be used for payments. For these purposes, there are more advanced cryptocurrencies. People prefer bitcoin "hold".

Store of value,Medium of exchange and Unit of account..Technically all of them can be provided with Bitcoin..But it takes more time to become popular..This can happen when factors such as transaction speed, transaction fees, and unpredictable value are resolved.

To teach is good. But there are countries in which they do not believe even cashless settlement. Only cash. Even when making a profit on a cash card, I try to withdraw cash. And all the calculations should be made only with money. What should be the information that they would believe in bitcoin?

Tariffs in different countries allow many people to pay high taxes when they cross borders, and it takes a long time to do so, but the BTC can now solve this payment bottleneck.

There are so many online stores who are accepting bitcoin for payment, I think that very soon we will even become able to use bitcoin in our local shops, for example in Brazil there are a lot of shopping centers who are already accepting bitcoin as paying for shopping there. So the trend is now increasing and hopefully it will very soon possible throughout the world.

Yes bitcoin has all of this characteristics the only issue is that some country is having a hard time to regulate bitcoin.

Bitcoin should do collaboration with E.commerce company and should provide the option of payment in terms of btc.

Bitcoin will become a popular payment method when it can be use in supermarkets and malls but it can be done if the value of bitcoin will become stable.

well, there are so many advantages of using bitcoin, and that profit makes bitcoin a popular payment tool. such as fast payouts, small fees, and versatile functions. well, bitcoin is also a symbol of the development of payment technology on the internet.

What to make a bitcoin a popular payment method?
- Convenience in transaction
- Safe and secure
- Can not be faked
- Very low transaction costs
-Environmental Protection
- Potential e-commerce

No need to make something, we just need to use it as a currency. Slowly there will be many peoples and companies follow the community to use it.
if we still not using it or just holding it, no one will using it for payment as well. so, it is start from us.

Bitcoin is among the primary innovators from the cryptocurrency globe this can make many people opt for bitcoin like an approach to repayment within dealings these people perform, however for right now bitcoin includes a competitor that's Ethereum that may defeat bitcoin like an approach to repayment.

Big companies and even small shops must accept Bitcoin as a payment method. As a result people understand their abilities and opportunities of cryptocurrency and will join it. It is the simple way to creat popularity.

I think it's already happened. don't you? a lot of people already talking about it and uses

Large scale adoption will only come if the crypto prices are stable over a longer period of time. They can be treated as a method of payment and a safe storage of value. But before that the prices of the coin must remain stable, large fluctuation will not let crypto be a Safe storage of value.

In my opinion, nowadays people usually use something that can help them and make them easy to do something. For example, when you wanna buy something from another country you don't need to change your money from Yen to Dollar in money exchanger before you buy your things. That makes bitcoin easy to use as a payment, and that is one of benefits using bitcoin.

People will understand that bitcoin is worthy and tested when different countries and companies will prove that for them by their own experience and example, would be lovely if we will have some test area where we will make Bitcoin a payment system.

Bitcoin penetrates deeper into our everyday life. If only recently it was almost never accepted as a means of payment, today there are more and more services that accept payment in the crypto currency for their goods and services.

Bitcoin can be popular method if most peoples connected internet. Bitcoin have multiple function, it can used for investment and currency at the same time. The most important thing for bitcoin if want to used for payment is regulation from government. If bitcoin regulated by government for payment, I am believe many merchant accepting bitcoin and it will people more knowing about bitcoin and want to use it

Seeing bitcoin is a digital currency, I could see this happening in the future. In fact, it has a high potential to be the next big thing when it comes to payment system. It is already getting more and more popular in a lot of countries so I will not be surprised when companies start paying in bitcoins or altcoins.

I think, bitcoin has these three elements, but the only obstacle for bitcoin to become a popular payment method is government policies that prefer to make bitcoin illegal. of course this is an obstacle to the growth of bitcoin.

If bitcoin meets the requirements in Russia and Nigeria maybe it will be the same in other countries. And if this will be the case, bitcoin can be potential as payment system worldwide.

Bitcoin is the first to blend certain key features shared by most recently created cryptocurrencies. For example, user anonymity because the system is designed to publicly record Bitcoin transactions and other relevant data without revealing the identity of the individuals or groups involved.

There are a lot of reasons that make it popular payment method among them the most important one is now there are a lot of services requiters bitcoin or accept bitcoin .

The future of payment lies in bitcoin. As the popularity of bitcoin is on the rise now, very soon people will appreciate how easy it is to use bitcoin as a means of payment for goods and services.

bitcoin is able to store the value of assets, bitcoin is able to facilitate every trade in exchange, but today bitcoin does not have the character to measure the value of the economic system. bitcoin is illegal, and many countries reject bitcoin.

we will wait until the world receives bitcoin as a means of payment.

If many countries reject bitcoin I guess the greediness of their leaders wasn't giving people their freedom on finances. Bitcoin can return back every people's effort as a tax payer, and the excess taxation that we're been paying of; bitcoin could really provide that to us. It became popular payment method because it has no boundaries.

I think BTC has all chances to become the worldwide payment method. It can have all three aspects. Furthermore it is a fast and cheap method of transactions so people can enjoy its benefits

To make Bitcoin popular, you must share your positive experience when it comes to Bitcoin. The Good effects and the convenience of Bitcoin to financial transactions.

The important thing to become a good currency that used by many peoples is a great stable value.
Peoples may dont want to risk their money if their money value will drop with a great amount later.

Bitcoin has the necessary attributes to become a popular payment method because Bitcoin has the nature of money, among them; durable, concise, can be exchanged, can be shared, and also got a trust and acceptance.

In my opinion, bitcoin can be the most popular payment method because one main thing is that the marketing team and the bitcoin promotion team succeed in making bitcoin known to the public. I really appreciate the bitcoin team's work. They have succeeded in making bitcoin gain the trust of the community. Another factor is only a co-factor. When bitcoin does not gain public trust, bitcoin cannot survive until now. So far, when we talk about crypto currencies, the first time the public knows is bitcoin. The name of bitcoin is ingrained and deeply rooted in the soul of the community.

Bitcoin is probably the principal leaders with the cryptocurrency planet that tends to make some individuals go for bitcoin being a way of transaction inside purchases they will carry out, but also for today bitcoin features a compete with which is Ethereum which may conquer bitcoin being a way of transaction.

The regular payment methods are old and unfashioned way of paying invoices.Current system gives us a right to make things easy included payments. There are other alternatives as avaliable on the popular payment providers and in my opinion they will accept cryptocurrencies as soon as  possible.

In my opinion, utility is the most discussed topic for Bitcoin as it is being used as the electronic currency of the future.
All transactions will be made easily with just one click. It's simple right?
Secondly, privacy, personal privacy is professionally done
Thirdly, transaction costs will be much lower than traditional ones.
Perhaps it is these reasons that make the BTC a common currency used for payment.

And this positive experience needs to b shared on platforms other than social networking websites or chat groups as well. I feel that there is already enough of online promotions for crypto. Now we need to explore untapped market which do not use internet that frequently. Something like sharing experience in local gatherings with friends can be one step in right direction.

One major reason that BTC is not much useful in payment method is the volatility in it's price.And the currency is no also accessible to non tech users.

people will consider using bitcoin as a payment method because bitcoin is the most effective and the way to make bitcoin can be one method to pay on one site online shopping

this is the only problem of bitcoin as a payment union. volatility is an integral part of it. it does not get rid of it

TO THE BEST OF MY KNOWLEDGE, BITCOIN HAS SO FAR SURPASSED ITS EXPECTATION IN JUST A SHORT TIME INTERVAL. MAKING BITCOIN POPULAR IS NO BIG DEAL AGAIN AS IT IS WELL KNOWN ALL OVER THE WORLD AS A CRYPTO DIGITAL CURRENCY. BUT HOWEVER, A LITTLE WORK STILL NEED TO BE DONE. THERE SHOULD BE PRIVACY IN TERMS OF TRANSACTION AND ACCOUNTING,BITCOIN SHOULD BE STABLE IN TERMS OF PRICE VALUE, BITCOIN TRANSACTION COST CHARGES SHOULD BE MINIMAL FOR USERS, A SECURED MEANS OF TRANSACTING BUSINESS SHOULD BE EFFECTIVELY PUT IN PLACE AS TO AVOID HACKING, IT SHOULD BE ABLE TO MEET UP WITH NATIONAL ECONOMIC STANDARDS AND POLICY TO FAVOR THE AVERAGE OR THIRD CLASS INDIVIDUALS IN A NATION, IT SHOULD BE ABLE TO MEASURE THE ECONOMIC SYSTEM OF A NATION, THE BITCOIN COMMUNITY AND USERS AS WELL HAVE A WHOLE JOB TO DO. BEING PART OF IT GIVES YOU THE RESPONSIBILITY OF PORTRAYING THE IMAGE AND NAME OF BITCOIN IN A GOOD WAY. AS A BITCOIN USER AND BENEFICIARY YOU NEED PREACH THE GOOD NEWS ABOUT BITCOIN AND LET PEOPLE KNOW HOW IT WORKS. YOU CAN NOT BE A BITCOIN USER AND HAVE BENEFITED FROM IT AND STILL JOIN OTHER PEOPLE TO CASTIGATE IT. LETS JOIN HANDS IN PROMOTING BITCOIN IN A WAY THAT PEOPLE WOULD KNOW IT IS OF GOOD VALUE AND BENEFITS TO BE A PART OF IT.

I agree with you in that Bitcoin has surpassed its market value in a nice surprise but having it as the most popular option of payment would improve things but not too deeply.

You have a good list right there but I have to consider that not all of these can be fulfilled by bitcoin as there are problems interferring with its usage. Volatility is a major concern. If volatility is controlled many will have the chance to use it for so many purpose. The reason also for these is the dumping of coins by those who are just day trading and not so many are actually using it as a payment system.

Bitcoin already has all three, both as a store of value (such as gold), medium of exchange (such as: nexybit, binance, bitrex, etc.) and size values. For a long time almost all bitcoin users, looking forward to the bitcoin will become a popular payment method in the future. But we must be aware, as long as bitcoin is still hindered by tight regulations that's where the functions and benefits of bitcoin will be restrained namely only as a tool for investment.

I think that the market lacks stability, it is very volatile! The authorities have not settled everything, because everything is still at the initial stage!
As soon as there are transactions on gas or oil, expect big changes!Big players are already looking at these assets!!! :o
bitcoin will be popular in 2 years !!! ::) ::) ::)

one of the important elements that must be owned by a payment instrument is that its value must be stable, and I don't think bitcoin has that yet. The price is very volatile in the market and this can cause losses for merchants who receive payments on a small scale. But fluctuations are also an attraction for investors to involve in bitcoin investment.

Fluctuations are also favored by merchants who have the courage to make payments with the BTC method,have you ever seen in the newspaper about pizza merchants coffee clothes or car musical instruments and others that have been successful through BTC.a merchants can also be said to be an investor well in my opinion BTC is very suitable for payment dude.

Indeed, bitcoin is currently very popular and financial authorities around the world seem to be flexibilizing about the possibility of using it as a legal payment system. So I think that bitcoin is on the right track, and it's only a matter of time before we see it established as one of the most popular payment methods.

Maybe more advertising on TV, because many people dont know who exactly is Bitcoin and how it works, and some improvements like less fees and more speed on transactions, these things make a huge difference the question of payments.

if it's bitcoin in my opinion it's still not right because the value is vilility and if it's converted to fiat it is still very large for per bitcoin. but if we look at some altcoins such as XRP, XLM and also EOS which have small satoshi values and tend to be stable in value if converted to fiat, this would be suitable as a popular payment tool just how we promote it

It is because decentralized and no one owns it. You can send bitcoin or receive as long as you have internet connection, that is the best feature of Bitcoin and you will never going to bank anymore for sending payments to other people.

-Make The Value Less Volatile/more Stable
-transaction cannot be reversed
-More Vulnerable To Hacker Than CC
-Still Not yet Regulated  on Most Of country

For bitcoin to be generally accepted as a payment medium, the key technologies needs to be improved on.
I'm talking about the latency issues, that constitute low transaction confirmation speed .
If this and others are improved on..we might see bitcoin taking over the global payment system in the nearest future.

I think Bitcoin will become a popular payment method in the future. But with that, governments around the world have to accept Bitcoins and get it circulated in their countries. Thus Bitcoin can grow well in the future.

For sure, the bitcoin will become a popular payment method. It is a fact as many people are now using it everywhere. It has the necessary tools to become a popular payment method. First, it is already popular. People know about bitcoin and want to use it in their business and transactions. Second, it is controlled by no one. This gives an excellent advantage to cryptocurrency. Finally, startups are popping and creating exchange platforms and other facilities to enable the use of cryptocurrency.

To date, all three you mentioned already exist and is in use.  The thing right now is choice.  Even with the facilities available, many users still decide to convert their bitcoin to fiat currency, probably because of how used we are to cash.

Personally, i use my bitcoin even for the smallest payment of topping up my mobile phone load.  Sometimes i also pay my bills with it. Yet, still i'm guilty at times of converting my bitcoin to fiat currency as there are some payments i wanted to make in cash.

As to your concern and desire to see bitcoin become a popular method of payment, don't worry, it's on its way already.

I think the factor that need bitcoin a popular payment of method is first, the government and banks full acceptance of bitcoins as currency. In this way many people will invest and have the assurance to store there income in banks and withdraw as a physical real money and use for transaction.

In our country, we have wallet called coins.ph, we can use the bitcoin as payment in that wallet, if bitcoin is not available for payment method we usually convert it to our own currency. But not yet available on payment to bank accounts.

Why did you decide that bitcoin is an anonymous currency? When you make a transaction, everyone sees how much and where you sent the bitcoins. In my opinion bitcoin is a very transparent currency in comparison with Manero.

The topic about bitcoin is really popular in the Philippines, and also the topic or features (use of bitcoin) But in terms of application, we cannot use it frequently because we are lack of facilities.Though, we all know somethings about crypto.

NOTHING. Bitcoin will just do what's its purpose and as we can see, the adoption rate of bitcoin from different entities from different countries across the world is increasing each year. So with the coming years, it is expected that it will ballooned to a greater percent.

It can already be considered a way of paying for goods and services. Every day the number of organizations that accept bitcoins as payment means increases.

The reason bitcoin is popular is because of certain factors:
because the bitcoin exchange rate is bigger than other coins, the value of the currency is safer and safer and users start developing.

Bitcoin is theost easiest money changing system. For me it's convenient as a medium of exchange. No meed to bring big cash to pay for your food and accommodations. You only use your phone to transfer your money.

That is why we as a normal users or investors will need to wait for that, law need to be changed and more and more places will need to allow users to pay using bitcoin for different things then it will develop faster and faster.

If you pay attention, Bitcoin is the digital currency with the least price falling in the market. Also, this is evidence that Bitcoin proved himself on the market. I mean, although it was the first cryptocurrency, it won people's beliefs.

It seems to me that there is not enough reliable storage. When massiveness appears in real life, there will also be awareness of the convenience and necessity of new opportunities.

Brian Armstrong, Director of the largest us cryptocurrency exchange Coinbase, predicts that over 1 billion people will be involved in the cryptocurrency ecosystem in the next 5 years.

In my opinion, BTC may own these three marks, but it is still far from becoming a primary payment method. I personally think this will not happen soon anyway. There are still a number of disadvantages to this purpose.

because bitcoin has used a lot as a legitimate medium of buying and buying. because bitcoin is a digital currency that is easier to shop. and safer.

ease in sending money with a good transaction speed, and also a relatively low transaction fee and without location restrictions
if you have an internet connection on Mars, then you can send and receive BTC from Earth residents

Bitcoin can only be used as a means of preservation and cannot be used as a payment method.

very important topic actually. But bitcoin must be more stable to consider as currency and even now there are lot of eCommerce platforms which accept bitcoin as payment as well as there a lot of countries

If Bitcoin is really legitimate worldwide, people pay much attention to crypto and vigorously develop the cryptocurrency market. It will become a generous payment method.

Currently, due to frequent fluctuations in bitcoin prices, it is not a reliable trading currency!
A stable cryptocurrency can be used as a means of payment!
In the coming day, cryptocurrency will become the mainstream payment method!

right now bitcoin is not popular than other currency and i think that bitcoin can be more popular than before if the bitcoin is accepted and legal in all country of the world, so all peopl ein here is wait that happen soon

Having the power to "regulate" the money flow of the state is not bad, but not always bring good results. Economic crises caused many financial frauds to be exposed. Many people believe that the state is using people's taxpayers to rescue themselves. Poor management along with printing money to offset the budget deficit is also a weakness of fiat money. So Bitcoin will become more stable to become a popular payment method.

They can be treated as a method of payment and a safe storage of value. But before that the prices of the coin must remain stable, large fluctuation will not let crypto be a Safe storage of value.

3 points

• Media Exposure
• More people should be involved in the movement
• use and patronize Btc

I think the main reason comes from the influence of the outside world. Many merchants outside the market accept Bitcoin as a payment method, which has a very big impact on the development of Bitcoin!

In order for sellers to start accepting Bitcoin as payment, they should see that Bitcoin is popular among their customers

Bitcoin is among the essential trend-setters from the digital currency globe this can influence numerous individuals to pick bitcoin like a way to deal with reimbursement inside dealings these individuals perform, anyway for right now bitcoin incorporates a contender that is Ethereum that may vanquish bitcoin like a way to deal with reimbursement.

I think bitcoin can fullfill that three element. Bitcoin can use as store of value and at same time, bitcoin is secure payment cryptocurrency. Bitcoin is secure cryptocurrency and no one can duplicate the transaction. Maybe thats why bitcoin become popular cryptocurrency in market

Of course the above facts are very important to make Bitcoin a popular payment method and for that to happen more and more businesses should combine Bitcoin with there systems for that to happen stake holders should know the value of doing that and the best way to do that is do more promotional campaigns and inform the public and mainly business communities regarding the importance and advantages that can gain with Bitcoin for the financial sector which is significant at this moment because many people only see the dark side of Bitcoin and many wants to let that happen too but if Btcoin becomes a popular payment method I believe many will use it over fiat currencies

personally i think bitcoin need to regulate itself and develop more stable. If so, bitcoin can become a popular payment method.

That's right. As much as cryptocurrencies can provide such option to be an alternative payment method for good and services just like the humble beginnings of internet banking or credit cards, it depends on the country or the local if they want to allow that. It will be good for the people because having more options is always a good thing; however, if it can be exploited, especially in this case, with cryptocurrencies, by people who can hack the system, governments would have doubts on implementing it because of the risks. Maybe, that's why, not so many countries put cryptocurrencies up as an option.

Yes, of course bitcoin has these three elements, even better than fiat currencies produced by the government. But as cryptocurrency regulations in each country are never the same, there may be some elements that you mention cannot function properly.

Although Bitcoin is now widely known and has various functions including online payment systems and investment assets, the basic idea of Bitcoin itself is as a medium of exchange that can be used in transactions. Although the legality of Bitcoin is still attractive in some countries, the number of users of this digital currency continues to increase.
As an online payment system, Bitcoin can be clearly cultivated for several reasons such as exempting transaction fees and freedom from conventional currency risks. While as an investment asset, Bitcoin also has the privilege of experiencing tremendous impressive value growth, making it dubbed as digital gold.

Yes its true but also the bitcoin equipment around the world and in different countries their rules for bitcoin but bitcoin can not be changed its price  because it is control of traders and investors.

Making bitcoin a popular payment method is the only way to make bitcoin more demanding in the among people and specially in trades and businesses and it can done by requesting payment options to implement from merchant sites like you have mentioned above and the other thing we can do is to make bitcoin more popular through social media in order to convince company owners and business community that there will be clear advantage they can gain by combining bitcoin as a payment method in there businesses 

Bitcoin is one of the main innovators of the cryptocurrency world that can make many people choose bitcoin like the payment approach in transactions made by these people.

One astounding feature about the Bitcoin payment method is the total owner control over transactions. Due to the decentralized nature, Bitcoin offers its users the ability to perform transactions without any middle person interruptions. Also, Bitcoin offers low transaction cost, security and fast transactions.

The elements mentioned are very much obvious with Bitcoin in all ramification. The only hindrance I feel that could be A barrier is the Government Acceptability and support which shall however brings all these features to limelights as the payment method in such a country.

for me I know each country has its own legal method to use bitcoin payment to its users. Because cryptocurrency is not a money because he is an enonomy of the world and we need support for trading and market

maybe if bitcoin is acceptable and official as a valid and legal currency, I think everything can be done like fiat money and the transaction will probably be more practical

I agree because in order for customers to pay bitcoin and shop owners or other business to receive payments the currency price should be more stable during the payment and if it is unstable it might become a big disadvantage for some parties in situations so that is a major problem with bitcoin due to its huge price fluctuations in the past many have second thoughts when adding bitcoin as a payment options in there businesses

In many countries there are also some of their beliefs in bitcoin and also the rules they make on bitcoin to use in their country. But here in the philippines they accept bitcoin here and we use bitcoin to be online payments as well as your items to buy.

Bitcoin is already being used as a payment method although using third party exchanges to convert the coin to fiat. Not very popular one but we're on the right path. Those 3 traits that you mentioned can apply to bitcoin but the main thing to talk about is if it would be acknowledged by the government.

For bitcoin to become a popular payment method according to my understanding bitcoin it self should be improved and developed by targeting those objectives you have mentioned because to become a good payment method among payers they should have the confidence to trust bitcoin over other major fiat currencies or cryptocurrencies and so far dollar is know as the common currency to pay for any international payment so if bitcoin to take that place it should be improved and develop more than the dollar

I think the path of bitcoin should change first because it is known as a good investment asset in the world which has made huge number of millionaires during last period of time which is a significant amount comparing with other investment options. But in order to become a payment first it should be promote itself as a digital currency more than a investment asset so its options and facilities should be increase as a currency to the general public which can allow them to consider bitcoin as a great payment method

Bitcoin will become popular:
  + Increase trading volume / Block
  + Stable value
  + Interested and used by large organizations
  + Community members and developers

I think Bitcoin is already captured two definitions out of three. As of now most of people are storing their wealth in Bitcoin and becomes as Store of value. And Bitcoin became unit of account because most of the altcoins are trading with base currency Bitcoin.

And only one left, that is medium of exchange - this is in progress. Lightening network recently released its desktop wallet and if it releases its version for mobile then in no time we will see Bitcoin as medium of exchange.

They should have the confidence to trust bitcoin over other major fiat currencies or cryptocurrencies and so far dollar.you have mentioned above and the other thing we can do is to make bitcoin more popular through social media.

Bitcoin has all the chances to become a full-fledged means of payment. He just needs to be more stable. Now it is still in the development stage.

I think bitcoin is not ready yet to become a popular payment method. Though bitcoin will be popular among the crypto enthusiasts but it needs to be popular to every people! What you mentioned, I think bitcoin hasn't those three elements, therefore, bitcoin is a too volatile digital currency, slow transactions system, fees, and other things can't make a popular payment method ever.

Bitcoin will definitely remain a popular payment method, we see all the prerequisites for this. He just needs a little time to get even more perfect.

We just need to wait until the attitude towards bitcoin among the government becomes more loyal, while the technology itself becomes more stable, eliminates some shortcomings. And then it will really become a full-fledged currency of the world scale.

if cryptocurrencies are recognized everywhere and by all, then perhaps such a society will be. but there are not always electronic devices, so the way to such a society has yet to be overcome

Bitcoin as a payment tool is increasingly popular because it is easy, cheap and fast. These three elements become the attraction of bitcoin users, as well as trading and investment tools. Bitcoin is a commodity that is traded because the value can go up and down, just like someone holds gold.

I think bitcoin has fulfilled all three prerequisites. But regulation alone makes bitcoin unable to become a common payment instrument.

We're finding that more and more e-commerce and high-risk merchants are tending towards using bitcoin for reasons like cashflow management and avoiding chargebacks.  Both topics that they struggle with when accepting CC payments.  It's really just a matter of time until crypto as payment is a widely accepted method.

Active development blockchain technologies will give rise to the development of all cryptocurrencies. And in particular bitcoin will be appreciated even more

Bitcoin creates decentralization. This is not widely known in society. The social rules are known to regulate behavior without official legislation. Rules of principle allow people to act without affecting others.
For long-term stability, Bitcoin does not need to be a storage currency worth more than US dollars. It can continue to grow thanks to the support of other currencies. Bitcoins are more prevalent in heavily oppressed nations and are helping poor migrants send money home to their loved ones.
As Bitcoin grows, it can become more competitive than other currencies because the strongest currency is also subject to political risk.
Global and national crises will continue to directly support Bitcoin. Euro currency volatility, brexit and increased debt to gross domestic product in Western countries undermine the value of established currencies.

Now bitcoin does not take on special importance in life, those people who do not do it, in due course bitcoin will take its place in the economic system.

In my own opinion, i think bitcoi  already contained those three elements and because of that, bitcoin can be known as a new face of payment method.

The 3 characteristics that you mentioned may apply to bitcoin but the main thing to mention is if it is acknowledged by the government. I think the bitcoin route should change first because it is known as a good investment property in the world, which has created a huge number of millionaires in recent years, a significant amount compared to Other investment options. Bitcoin will become popular due to its stable value and community members and developers

First of all, we need to create more awareness about bitcoin to the peoples around us. If they don't know about bitcoin, how they can use it ?
And we need to accept bitcoin as a payment when peoples want to buy something from us, there will be more peoples come into bitcoin.

what to make bitcoin a popular payment method?As I know bitcoin is already very popular and the most expensive coin of crypto society.Also the companies and the people who launch new tokens in the market they also accept btc for their tokensale,And though it has fall down in market but has the ability to turn back again and reach the goal and also bitcoin is so popular in public even who didnt know about crypto currency.so i will say bitcoin is already very popular for youth and elders of crypto world.

Bitcoin is a  considerable currency and  fitting to become a top payment method, but for now the government still delay to used it because of the anonymity, the local shop still  pause because of the fluctuative price, and some of us still hesitate because the speed and the transaction fee, there are still many things that need to be solved before bitcoin could become payment currency, but with further development and support I believe one day it could become the number one payment  procedure

I do not think that for bitcoin to become a popular and efficient payment method it needs to be a good store of value, as OP affirms. In fact, in these moments in which the price has found some stability bitcoin is functioning quite competitively as a payment processor, although as is well known still have to make great efforts to make it competitive in situations of maximum demand as the observed at the end of last year, when transactions were very expensive and slow.

And that's why the issue of scalability seems even more important to me than the issue of making bitcoin a reliable store of value.

Bitcoin will become popular among community members and developers. As you mentioned above and other things we can do is make bitcoin become more popular through social media. He just needs to be more stable. I think bitcoin is not ready to become a popular payment method. What you mentioned, I think bitcoin does not have these three factors, so bitcoin is a too volatile digital currency, slow trading system, fees and other things can not perform method Popular payment.He just a little time to perfect. And then it will really become an official currency of the world scale.

I think bitcoin has more elements than the three elements you talk about like transparency, quick and convenient transaction. And in the near future, electronic payment methods will be widely used in countries around the world.

Some reasons:
Easy to use on internet environment
Secure transactions and actually peer transactions
Advantages for automated payment systems!
And many other reasons. ,,,

there are many reasons that make bitcoin far better than other payment methods, and that reason is what you mentioned and what is even more special is an anonymous payment, you can make certain payments with your undercover identity, that makes bitcoin more special

I agree. This is really about the government, the rules and regulations they have implemented which will serve as a law that the uers will used. It might not be mandatory but if people see the real essence of it, they might agree using it. And with this this will be a popular currency.

I really believe Bitcoin has this and so many more still needed. But I believe a essential aspect that can swiftly make Bitcoin a favorite repayment method is if the ruling/federal physiques can control and become responsible for it in a way that they make guidelines and modalities that others follow similar to the fiat system, then Bitcoin will surely be considered a popular approach to payment.

I agree to that statement of yours. Bitcoin need to be stable first in order for it to be use in payment system. Also, if all the governments will allow and accept the bitcoin as a currency and if the businesses embrace the digital currency. But as of now, I think it is impossible because not all the people are knowledgeable enough about it.

By paying with bitcoin, we have many advantages. As Bitcoin is an independent system. Which we can pay for help without any bank or government system. And we do not have to pay any additional charge due to payment by Bitcoin. Which we benefit.

which makes bitcoin the most popular transaction tool because it is freer, simpler, and easier to get

I think you just need to use bitcoin as often as possible, not just store it as an investment. And then more and more people will recognize it and also use it as a currency, spreading this trend around the world.

Lack of regularity is something that is preventing it from becoming a popular payment method. As far as the regularity goes, it is usually a bad thing and it is something that cryptos were running away from since the beginning, but the regularity also brings some kind of assurance to the masses and to mass acceptance of the coin. Also, volatility has to be controlled and some how restrained as much as possible for it to become popular as a payment method.

I'm sure, the thing that made Bitcoin famous, and popular in the past year is that the price has risen so fast. well, anyone will be surprised to see something like that. besides, bitcoin is also a favorite transaction tool on the internet. due to many factors, bitcoin is a popular payment.

Naturally, its popularity is so great thanks to the last year jump of BTC. Although it is cheap now, better hold Bitcoin. The experts are sure that in 2019-2020 its price will grow tremendously. It can be also used more often for payments.

I would agree 2019 would be the better year for Bitcoin Hodlers as this year went loss for everyone. Bitcoin is still not treated as payment because of the price volatile all the time.
If Bitcoin price becomes stable, then everyone will be utilizing it without worries.

In our country,bitcoin is use as payment method in some private establishment.Easy and risk free .No further questions in every transactions.

If we want make bitcoin more popular as medium of exchange, we need government regulation. I think, The problem with bitcoin right now is many people have negative thinking about bitcoin and they think bitcoin is a ponzi scheme

Bitcoin is not fully fulfilling the currency aspect of its nature because there has been a paradigm shift from the currency aspect to investment aspect. People prefer to hold their Bitcoin now to using it as a form of currency to make payment of daily basis. In order to make Bitcoin more popular and increase its patronage, the currency aspect must be the main focus which will expose its existence and the true beneficial concept of it to the public.